Polaris Launches iGTB - World's First Complete Global Transaction
BankingPlatform
Business Wire
DUBAI, U.A.E. -- September 16, 2013
Polaris Financial Technology Limited launched iGTB, the world's first complete
global transaction banking platform at Sibos, Dubai today.Building on a
worldwide customer base, the third generation iGTB platform with a built-in
Corporate Business Exchange, enables transaction banks to position themselves
as the principal bank for their corporate customers.
With the launch of the formidable Polaris third generation iGTB with built in
Corporate Business Exchange, banks can power their way to Principal Banker
position. Polaris’ iGTB will focus exclusively on transaction banking,
leveraging its successful solutions across the Global Transaction Banking
(GTB) market. iGTB is a platform to seize the tremendous global transaction
banking opportunity, estimated by the Boston Consulting Group at US $ 509
billion by 2021 at a 10.4% growth rate. Polaris’s GTB division already
supplies top banks across the world with Transaction Banking solutions.
Mr. Manish Maakan, Chief Executive Officer, Polaris iGTB, said “Transaction
Banking is about enabling financial institutions improve their day to day
business and, as such, is critical to the world’s economic growth and
recovery. I am delighted that we are able to bring all the components of the
complete global transaction banking platform to financial institutions,
whether they need an integrated package or to deploy just one element to
improve an existing offering. Now corporate customers can have all their
transaction needs seamlessly integrated through a consolidated next generation
portal for the corporate user, leveraging the Customer Business Exchange. With
Customer Business Exchange we provide clients with a single fast highway to
run Customer Onboarding, Payments Services, Receivables Management, Cash
Management, Liquidity Management, Funds Control, Trade Finance and Supply
Chain Finance, singly or in an integrated set, whilst others are stuck on
single track roads.”
Designed for complexity reduction between banks and corporate customer
operations, superior workspace design technology assures enhanced operational
productivity.
“We are confident about this sector because several of the world’s leading
global transaction banks use Polaris for transaction banking solutions, while
a large number of smaller transaction banks use the integrated package to
compete effectively using products and STP of the same top quality. The iGTB
brand was carefully chosen to build on the rich Polaris heritage and bring a
sharp focus on Global Transaction Banking (GTB),” added Mr. Maakan.
Headquartered in London, Polaris’ iGTB division has offices in New York,
Toronto, Frankfurt, Tokyo, Sydney, Singapore, Chicago, San Francisco, Sao
Paulo, Stockholm, Johannesburg, Dubai, Riyadh and Mumbai as well as the wider
geographic presence of Polaris, its parent company.
About Polaris Financial Technology Ltd
Polaris Financial Technology Limited is a global leader in Financial
Technology for Banking, Insurance and other Financial Services. With over 25
years of expertise in building a comprehensive portfolio of products, smart
legacy modernization services and consulting, Polaris owns the largest set of
Intellectual Property for a comprehensive product suite. iGTB is the world's
first complete Global Transaction Banking platform, used by the world's top
transaction banks.
This makes Polaris the chosen partner for 9 of the top 10 global banks and 7
of the top 10 global insurance companies. The company has a global presence
through its 40 relationship offices across 30 countries, 6 international
development centers and 8 fully owned Business Solution centers. Polaris has a
talent strength of over 13,000 solution architects, domain and technology
experts. For more information, please visit http://www.polarisFT.com/
Contact:
Polaris Financial Technology Ltd
Media:
Nachu Nagappan, +91 8939619676
nachu.nagappan@polarisFT.com
or
Investors:
G. Sunanthy Devi, +91 8939933564
sunanthy.g@polarisFT.com